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Daniel Rice - Licensed Real Estate Agent

E: daniel.rice@professionals2261.com.au

M: 0416633829

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Lynne Cowell - Principal

E: lynne.cowell@professionals2261.com.au

M: 0409154040

Price Upon Application

Old Bar

42

Old Bar

42

Price Upon Application

DA Approved 80 Lot Development Site Other - Property ID: 888623

A wonderful opportunity to purchase a 80 Lot Development Site close to beach and town centre of lovely Old Bar.

Identified as hot growth area approx 3 hour drive from Sydney.

Mostly cleared and level land easy to build on, situated just outside of Old Bar's main village we have approx. 17 Hectares. Currently a large House sits on the property. DA approved for 80 great sized building blocks.

The Precinct 2B Old Bar area was identified for rezoning for urban expansion in the Old Bar/Wallabi Point Development Strategy (as adopted by Council and endorsed by the NSW Department of Planning (DOP)). The precinct is located immediately to the west of Old Bar, bounded to the west and north by Red Gum Road, to the east by the existing township of Old Bar, and finishes just south of Old Bar Road.

The area has been subject to a rezoning process since 1999, with a number of studies being undertaken since this time to investigate the suitability of the Precinct for the proposed type of development. It is currently envisaged that the Precinct may cater for up to 1,500 dwellings and include a number of parks, a new commercial area and community center, and a vegetation corridor. This is the largest rezoning currently being considered by Council for development in the Old Bar area.

This rezoning represents the expansion of the Old Bar township to the west, to support an approximate 1,500 lot residential subdivision, a new commercial area for Old Bar, as well as create a number of parks and a vegetation corridor within Precinct 2B, which adjoins the western edge of the existing township.

This rezoning is estimated to have a constructed development value in the order of $400 million.

Call Daniel Rice from the Professionals2261 for further information 0416 633 829.